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Chapter 7 Bankruptcy Filed - Sterling Hts |
| We filed a Chapter 7 for a client and his wife who reside in Sterling Hts. MI. Client's wife has been unemployed for approximately 1 year. Client has a small business which he plans on retaining. Client also owns a house with 2 mortgages. The house is worth substantially less than the amount of the mortgages and clients plan on surrendering the house. Client has lawn equipment, trailers and other equipment associated with his business which he will be able to retain. Clients had a repossessed trailer and other debt totaling approximately $30,000 which they plan to discharge. Client also has vehicle which he plans to keep and continue paying the note. |